Get the latest market trends in your inbox
Stay on top of the latest market trends and economic insights with the Axios Markets newsletter. Sign up for free.
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Denver news in your inbox
Catch up on the most important stories affecting your hometown with Axios Denver
Des Moines news in your inbox
Catch up on the most important stories affecting your hometown with Axios Des Moines
Minneapolis-St. Paul news in your inbox
Catch up on the most important stories affecting your hometown with Axios Minneapolis-St. Paul
Tampa-St. Petersburg news in your inbox
Catch up on the most important stories affecting your hometown with Axios Tampa-St. Petersburg
French lawmakers voted for a tax on the revenues of certain large digital companies on Tuesday, per the Associated Press.
Why it matters: The 3% tax on the local revenues of digital giants, like Facebook and Google, hasn't become law yet — but would be a shot across the bow of American tech giants who already face scrutiny in Europe.
What's next: The law has been passed by France's National Assembly, according to AP, but still requires approval from a second legislative chamber.
The big picture: Boris Johnson, favored to become the next U.K. prime minister, has also indicated support for such a tax, per Reuters.
Go deeper: Global tax proposals take aim at U.S. tech